Mitsui Chemicals: Management Briefing: Deeper Understanding of Strategy Toward Becoming True Global Specialty Firm

Research evidence excerpt

Mitsui Chemicals: Management Briefing: Deeper Understanding of Strategy Toward Becoming True Global Specialty Firm

Update

May 27, 2026 11:24 AM GMT

Morgan Stanley MUFG Securities Co., Ltd.+MMitsui Chemicals (4183) | Japan Takato Watabe

Equity Analyst

Management Briefing: Deeper Takato.Watabe@morganstanleymufg.comRyoichi Watanabe +81 3 6836-5436

Ryoichi.Watanabe@morganstanleymufg.com +81 3 6836-8929

Understanding of Strategy Kayoko Shoji

Research Associate

Kayoko.Shoji@morganstanleymufg.com +81 3 6836-5437

Toward Becoming True Global Kano Fujita

Kano.Fujita@morganstanleymufg.com +81 3 6836-8932

Specialty Firm

New president’s first presentation: Mitsui Chemicals held a management briefing

on May 27 after market close (with presentation materials released the same

morning), where newly appointed President Satoshi Ichimura (assumed office on

April 1) provided a review of F3/26, the F3/27 outlook, and an update on progress in Mitsui Chemicals (4183.T, 4183 JT)

portfolio transformation. Regarding the petrochemicals business restructuring, Petrochemical Majors | Japan

including peers announcing spin-offs of their petrochemical operations, we believe Stock Rating Overweight

Industry View Attractive

the company has made meaningful progress toward building a 'Japan-leading basic & Price target ¥2,900

Shr price, close (May 27, 2026) ¥2,204

green materials company.' In the specialty business, management outlined its vision

Mkt cap, curr, basic (bn) ¥829.9

of becoming a 'true global specialty company.' The strategy aims to capture growth Avg daily trading value (bn) ¥5.3

of market and more through a combination of differentiation, expansion of business

domains, geographic expansion, and opportunities arising from structural societal

changes.